Accounting Information Systems

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ACCOUNTING INFORMATION SYSTEMS, 5th Edition provides thorough and up-to-date coverage of accounting information systems and related technologies. It features an early presentation of transaction cycles plus a special emphasis on ethics, fraud, and the modern manufacturing environment. The book's focus is on the needs and responsibilities of accountants as end users of systems, systems designers, and auditors. This latest edition provides complete integrated coverage of Sarbanes-Oxley as it effects internal controls and other relevant topics affected by this legislation, as well as re-organized discussion of transaction cycles that make the balance between manual and computer based systems more apparent.

Part 1 Overview of Accounting Information Systems

1

(158)

The Information System: An Accountant's Perspective

3

(42)

The Information Environment

4

(13)

What Is a System?

5

(2)

An Information Systems Framework

7

(3)

AIS Subsystems

10

(1)

A General Model for AIS

11

(5)

Acquisition of Information Systems

16

(1)

Organizational Structure

17

(10)

Business Segments

17

(1)

Functional Segmentation

18

(3)

The Accounting Function

21

(1)

The Information Technology Function

22

(5)

The Evolution of Information System Models

27

(8)

The Manual Process Model

27

(1)

The Flat-File Model

27

(3)

The Database Model

30

(1)

The REA Model

31

(2)

ERP Systems

33

(2)

The Role of the Accountant

35

(2)

Accountants as Users

35

(1)

Accountants as System Designers

35

(1)

Accountants as System Auditors

36

(1)

Summary

37

(8)

Introduction to Transaction Processing

45

(66)

An Overview of Transaction Processing

46

(2)

Transaction Cycles

46

(1)

The Expenditure Cycle

46

(1)

The Conversion Cycle

47

(1)

The Revenue Cycle

48

(1)

Accounting Records

48

(10)

Manual Systems

48

(5)

The Audit Trail

53

(3)

Computer-Based Systems

56

(2)

Documentation Techniques

58

(15)

Data Flow Diagrams and Entity Relationship Diagrams

58

(4)

Flowcharts

62

(11)

Record Layout Diagrams

73

(1)

Computer-Based Accounting Systems

73

(9)

Differences between Batch and Real-Time Systems

73

(2)

Alternative Data Processing Approaches

75

(3)

Batch Processing Using Real-Time Data Collection

78

(2)

Real-Time Processing

80

(2)

Summary

82

(1)

Appendix

82

(29)

Ethics, Fraud, and Internal Control

111

(48)

Ethical Issues in Business

112

(5)

Business Ethics

112

(1)

Computer Ethics

113

(3)

Sarbanes-Oxley Act and Ethical Issues

116

(1)

Fraud and Accountants

117

(16)

Definitions of Fraud

118

(1)

Factors that Contribute to Fraud

119

(1)

Financial Losses from Fraud

120

(1)

The Perpetrators of Frauds

121

(2)

Fraud Schemes

123

(10)

Internal Control Concepts and Techniques

133

(11)

SAS 78 / COSO Internal Control Framework

137

(7)

Summary

144

(15)

Part 2 Transaction Cycles and Business Processes

159

(268)

The Revenue Cycle

161

(70)

The Conceptual System

162

(17)

Overview of Revenue Cycle Activities

162

(6)

Sales Return Procedures

168

(3)

Cash Receipts Procedures

171

(4)

Revenue Cycle Controls

175

(4)

Physical Systems

179

(1)

Manual Systems

180

(6)

Sales Order Processing

180

(3)

Sales Return Procedures

183

(1)

Cash Receipts Procedures

183

(3)

Computer-Based Accounting Systems

186

(15)

Automating Sales Order Processing with Batch Technology

187

(1)

Keystroke

188

(1)

Edit Run

188

(2)

Update Procedures

190

(1)

Reengineering Sales Order Processing with Real-Time Technology

190

(1)

Transaction Processing Procedures

190

(2)

General Ledger Update Procedures

192

(1)

Advantages of Real-Time Processing

193

(1)

Automated Cash Receipts Procedures

193

(2)

Reengineered Cash Receipts Procedures

195

(1)

Point-of-Sale (POS) Systems

195

(1)

Daily Procedures

196

(1)

End-of-Day Procedures

196

(2)

Reengineering Using EDI

198

(1)

Reengineering Using the Internet

198

(1)

Control Considerations for Computer-Based Systems

199

(2)

Computer-Based Accounting Systems

201

(1)

Computer Control Issues

201

(1)

Summary

202

(1)

Appendix

203

(28)

The Expenditure Cycle Part I: Purchases and Cash Disbursements Procedures